StockNews.com Begins Coverage on Mexco Energy (NYSE:MXC)

StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Mexco Energy Stock Performance

NYSE MXC opened at $12.65 on Tuesday. The stock has a 50 day moving average price of $11.77 and a 200-day moving average price of $11.90. Mexco Energy has a one year low of $9.41 and a one year high of $16.52. The company has a market capitalization of $25.88 million, a P/E ratio of 22.19 and a beta of 0.56.

About Mexco Energy

Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 gross producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio.